BTIG Research Boosts Core Scientific (NASDAQ:CORZ) Price Target to $19.00

Core Scientific (NASDAQ:CORZ) had its price target increased by BTIG Research from $15.00 to $19.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also recently weighed in on the company. HC Wainwright lifted their price target on Core Scientific from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Cantor Fitzgerald reissued an “overweight” rating and set a $20.00 price target on shares of Core Scientific in a report on Thursday, October 3rd. B. Riley lifted their price target on Core Scientific from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Canaccord Genuity Group reissued a “buy” rating and set a $17.00 price target on shares of Core Scientific in a report on Thursday, November 7th. Finally, Jefferies Financial Group began coverage on Core Scientific in a report on Monday, October 28th. They issued a “buy” rating and a $19.00 price objective for the company. Thirteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $18.38.

Core Scientific Trading Down 1.5 %

NASDAQ:CORZ opened at $15.60 on Friday. The stock has a market cap of $4.36 billion and a P/E ratio of -2.88. The stock has a 50 day simple moving average of $12.99 and a 200 day simple moving average of $9.94. Core Scientific has a 1-year low of $2.61 and a 1-year high of $18.03.

Insider Transactions at Core Scientific

In other Core Scientific news, Director Jarrod M. Patten purchased 5,021 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was bought at an average price of $9.68 per share, with a total value of $48,603.28. Following the acquisition, the director now owns 285,760 shares of the company’s stock, valued at approximately $2,766,156.80. This represents a 1.79 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last quarter, insiders acquired 12,761 shares of company stock valued at $127,080. Corporate insiders own 32.00% of the company’s stock.

Hedge Funds Weigh In On Core Scientific

Institutional investors have recently modified their holdings of the business. Banque Cantonale Vaudoise acquired a new position in shares of Core Scientific during the 2nd quarter worth $28,000. Sunbelt Securities Inc. bought a new stake in Core Scientific during the 2nd quarter worth $33,000. Rise Advisors LLC bought a new stake in Core Scientific during the 2nd quarter worth $65,000. Aspect Partners LLC bought a new stake in Core Scientific during the 1st quarter worth $29,000. Finally, Divisadero Street Capital Management LP bought a new stake in Core Scientific during the 2nd quarter worth $93,000.

About Core Scientific

Core Scientific, Inc provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment.